Top three stories of the week (Feb 28th.- March 4th.)

by Vanessa Guzek

  1. Paris Fashion Week kicked off this Monday in a sad atmosphere over the war launched by Russia over Ukraine. Lili Litkovskaya, the only Ukrainian designer at Paris Fashion Week, urges the Paris fashion community to unite for peace. Instead of presenting her collection, the designer will showcase today at 10 a.m. 45 Ukrainian designers who could not make it to Paris, such as Ruslan Baginskiy, Anton Belinskiy and Vita Kin.
  2. The fashion industry reacts to the war in Ukraine. More and more companies are taking the decision to temporarily suspend their operations in Russia. Mango has closed its own stores and its online platform. H&M and Asos have indefinitely suspended sales of all the group’s brands in Russia and Nike is temporarily suspending its online sales in Russia. Adidas and Puma have declared suspending their partnerships with Russian sports federations with immediate effect.The luxury sector remains relatively quiet in this regard. So far, only a few brands such as Burberry and Net-a-Porter have announced that they will stop doing business in Russia for the time being.
  3. On Wednesday, Balenciaga deleted as an act of solidarity all images from its Instagram profile and posted a single post of the Ukrainian flag announcing “we stand for peace and donate to the World Food Programme to support humanitarian aid to Ukrainian refugees.” The French group LVMH, has announced that it will donate 5 million euros to support the International Committee of the Red Cross (ICRC) in its daily work to help war victims.

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